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Home » Insurance sector eager to clear 2009 ‘mess’

Insurance sector eager to clear 2009 ‘mess’

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THE insurance and pensions industry is pushing for the finalisation of a plan to compensate thousands of policyholders who lost their savings in 2009, when the domestic currency was demonetised. Seven years ago, a commission of inquiry into currency conversions found that policyholders lost about US$3 billion to inflation and the absence of a definitive…

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